Gold

NioGold Mining Corporation (TSXV:NOX) announced that a $5 million, second phase program has been initiated by NioGold and Aurizon Mines Ltd. on the Marban Block property, located in the Malartic gold camp, Abitibi region of Quebec.

NioGold Mining Corporation (TSXV:NOX) announced that a $5 million, second phase program has been initiated by NioGold and Aurizon Mines Ltd. on the Marban Block property, located in the Malartic gold camp, Abitibi region of Quebec.

As quoted in the press release:

The first phase program commenced on August 30, 2010, and was completed on August 9, 2011. The program consisted of 50,253 metres of diamond drilling (170 holes, 8 extensions) at a total cost of $6 million. Drilling was distributed between the Marban (41,270m) and Norlartic (4,319m) deposits and exploration drill hole fences between the two deposits (4,664m). Highlights include the identification of two new gold zones surrounding the former Marban mine named the ‘High Grade Western Zone’ and ‘Eastern Down Dip Zone’ (see news release dated September 19, 2011). Results for 33 holes remain to be released.

The $5 million second phase program will include 34,000 metres of diamond drilling on the Marban deposit, updated resource estimates and basic technical studies. Drilling and technical work are expected to commence in November 2011 and will continue through to the second quarter of 2012.

Click here to read the NioGold Mining Corporation (TSXV:NOX) press release


Click here to see the NioGold Mining Corporation (TSXV:NOX) profile.

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